NSITF Presents N25m To NASS, Pledges Prompt Payment Of Compensation

The Nigeria Social Insurance Trust Fund (NSITF) on Tuesday presented a N25 million cheque to a staff of the National Assembly in the Office of the Clerk to the National Assembly.
Making the presentation, the NSITF managing director/ chief executive officer, Oluwaseun Faleye, disclosed that the Fund was paying compensation faster, and taking its responsibilities more seriously.
Faleye said the Fund was also renewing its relationship with the National Assembly and engaging other stakeholders to ensure compliance with the NSITF Act.
The managing director said, “We at NSITF are taking our responsibility and our mandate much more serious and engaging stakeholders.
“We are paying compensation much more faster and quicker. That is what this presentation of a dummy cheque today signifies. We are also renewing our relationship with the National Assembly and other employers to pay compensation as the case may be; for them to benefit claims so that when accidents or injury occurs their staff welfare can be much more enhanced.”
Faleye appealed to the clerk to the National Assembly to ensure that the parliament remits its contribution as and when due assuring that the Fund will also remain committed to fulfilling its mandate.
“I want to appeal to the clerk of the National Assembly to ensure that National Assembly begins to fulfil its commitment to NSITF by paying the necessary contributions. We urge you to help advocate patronage and commitment to the NSITF Act.
“Our coming here and the presentation of this cheque today is the renewed efforts of the new management at NSITF and we congratulate the employee that is the recipient of this cheque.”
In his resume, the clerk to the National Assembly, Kamoru Ogunlana, said the presentation of cheque to his staff underscores the commitment of NSITF in ensuring no Nigerian worker is left financially vulnerable due to workplace- related health setbacks.
He said, “This initiative is not just about financial assistance; it is about restoring hope, alleviating burdens, and reaffirming our solidarity with all hardworking Nigerians who contribute immensely to the growth and development of our nation.
“While I commend the NSITF for implementing this scheme, I will implore you to please ensure that eligible beneficiaries receive their rightful entitlements without undue delay.
“The National Assembly will give your agency the necessary legislative support that will strengthen the institutional capacity to deliver on its core mandate.”